Man lives in the sunlit world of what he believes to be reality. But… there is, unseen by most, an underworld, a phenomenon that is just as real, but not as brightly lit…Tales from the Darkside? Nope! Tales from the Debtside.
Debt is the toxin that feeds fear and fear is the toxin that feeds debt.
If you buy more than you need, you gain more debt than you want.
The person who thinks debt-free life is possible is the one who is going to get rid of debt in life. Make real effort to do so.
We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light - Plato
Any credit repair company that promises to remove legitimate bad debts from your credit history is lying.
Under the Consumer Credit Protection Act, such information remains on your credit report for about seven years.
The disappearance of bad credits, if any, is only temporary.
We live in such a consumer driven society - credit cards just help us get what we want when we can't afford it. In our society we overeat, overspend, over consume. In general - donuts and credit cards are not the problem, our constant craving for food and credit is the real problem!
The Credit Card Song by Old Man Pie
Ahead of its time this is a cartoon animation that's been up on the web since 2006 and is all about the credit crunch crisis.
Credit card spending and loans from banks are in their trillions of dollars and something has to give. We no longer spend what we have earned, we spend what we haven't earned on the back of house price rises and yet more loans.
The banks are prospering and fat cats are awarding themselves massive bonuses, but it cannot continue.
Beware the debt time bomb may bring the walls of the western world clattering to the ground.
If climbing out of debt were as easy as falling into debt, borrowers would probably not be searching for effective ways to become debt-free. As it happens, seeing the light at the end of a tunnel when weighed down by bills and fees might feel like it’s impossible, but some smart choices involving the adoption […]
Before you go in for a personal loan, you’ll need to understand the basic concepts. Firstly, interest rates are charged based on the amount you’ve borrowed. The higher the amount, the higher the interest you’ll pay. The tenure is another crucial factor. The impact of tenure is directly on the EMI that you would be […]
Paying back student loans is one of the first responsibilities a new graduate faces once in receipt of a diploma. Statistics show that students leave college owing an average of over $27,000, with some on the hook for more than $55,000. If you’re one of the millions of graduates now looking at repaying thousands of […]
Everyone likes to cut loose now and again and go on a big shopping binge. Binging out is great fun, if you don’t go overboard. By that I mean, so long as you can pay for all of your purchases. If you paid cash for your splurging, then you have nothing to worry about. So […]
When heavily in debt, some folks can’t seem to see the light at the end of the debt tunnel. They end up so frustrated and feel so helpless that they bury their head in sand, so to speak, and hope debt will go away by itself. We all know by being passive about debt, it’s […]
One of the first things to do when you’re intent on implementing a debt management plan is to cut the costs of your debt. Cutting Debt Cost It’s all about repaying the debt as soon as possible, while simultaneously ensuring that you’re being charged the lowest rates of interest available to you. Before you begin, […]
If you read debt management books or watch debt shows on television you will hear a lot about saving and not spending. But what type of life is that? Isn’t there a way that you can spend more but still keep out of debt? Yes, there is. But you must be careful. Following are six […]
Make sensible borrowing part of your sound financial strategy. Borrow with the belief that you would eventually get return when you invest the money for the long term. For example, borrow to buy your next home, pay for your kids education or for starting a business. These types of loans might get you a good […]
It’s not unusual to have worrisome debt, but you may wonder how you’ll ever pay it off, especially if you are struggling just to get by financially. While it will take work, willpower, and dedication, there are ways to make a dent in your debt. Consider these six ways to pay off debt faster. Craft […]
Having bad credit can be stressful as it can limit you when it comes to financial matters such as applying successfully for a loan. If you have bad credit, your financial situation may not be as secure as you would like it to be and then needing a loan on top of that will add […]
